Homeowner Insurance -- 7 Sure Tips

It's really very easy for everyone to get the right coverage at a low price. You just need the right recommendations and the motivation to practice what you'll be taught to get a more affordable rate. Let us now look at a number of proven ways to get better rates...

1. Do not insure your home along with the land it is standing on as this is more expensive but quite needless. Some folks spend much more than they should on home insurance due to this mistake. You've made the same mistake if you insured your home for the cost you bought it without finding out the cost of the land it is built on and deducting it.

If you made this mistake quickly meet with your agent and re-evaluate your home insurance policy. Deduct the cost of your land and use only the cost of your structures and its contents.

Doing this will lower your premiums by a huge margin and still have adequate home insurance coverage. No matter what you do and who you meet, don't forget that the only things you insure are things that can be lost or damaged and your land is not one of such.

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2. You'll pay more or less depending on your credit history. Those who have very good ratings spend far less than those who have poor ratings. If your credit rating is poor then you've been missing important payments. An insurance company interprets this to mean that you are financially irresponsible and will possibly default in paying your premiums. This makes you a higher risk to them and you, therefore, are made to pay much more than someone else with the same profile that has a very good rating.

It will, therefore, be a good step to do something about making your credit rating better. You will get cheaper rates if you do.

3. Electing to pay your rates on a monthly basis results in more expensive rates than you'd pay if you decide to pay yearly. Your insurer sends 12 notices for monthly payments instead of one for annual payments. This costs them more.

Furthermore, each check you send attracts a transaction fees as well. twelve checks mean 12 transactions which mean 12 different transaction charges. And as with every other thing, it's you the end user or policy holder who will be responsible for that cost.

Therefore, you will get cheaper rates if you decide to pay your premiums yearly. You could save up to a month's premium within a year.

4. Make the exterior of your home fire-safe and you will reduce your home insurance rate. Having things that are very inflammable or that help combustion around your building will make you pay higher rates. Although cutting bushes around your home looks simple, you will get lower rates if you do keep them at a distance of at least 10 feet from your building. This is because how fire-safe a house is goes a long way in determining what it will cost to insure that home.

5. Motion-sensitive lighting reduces your home's risk of burglary and, therefore, helps you get lower home insurance premiums. Burglars will keep off from places where their movement will be easily observed. And motion-sensitive lighting does this exactly. Your rate will be reduced you have reduced your home's risk of burglary through this type of lighting.

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6. Having dead-bolt locks on every exterior door will lower your home insurance rate. This makes it difficult for intruders or burglars to have their way. The more fortified your home is against burglary, the lower the risk taken in insuring it.

7. Window locks on every window will save you a little since they reduce your home's risk of burglary. You can take this to another level by fixing burglary-proof bars on them all. If you are not opposed to this quickly fix them in your home and get more affordable rates.
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